Slide 1: Q1 2025 Earnings Conference Call
Q1 2025 Conference Call Dial-in numbers: (800) 343-5172 (domestic) EARNINGS CONFERENCE CALL (203) 518-9856 (international) Conference code: CWQ125 May 8, 2025 Investor Day 2024 1
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation will remain posted on this website from one to twelve months following the initial presentation, but content will not be updated to reflect n
Slide 3: Strong Q1 Execution Drives Higher Full-Year 2025 Outlook
STRONG Q1 EXECUTION DRIVES HIGHER FULL-YEAR 2025 OUTLOOK First Quarter 2025 Highlights ▪ Sales of $806M, up 13% overall (11% organic) – Driven by 15% growth in A&D markets and 9% growth in Commercial markets ▪ Operating Income of $134M, up 34%; 260 bps in YOY margin expansion – Exceeded expectations
Slide 4: First Quarter 2025 Financial Review
FIRST QUARTER 2025 FINANCIAL REVIEW Q1’25 Q1’24 ($ in millions) Adjusted Adjusted Change Key Drivers ▪ Higher YOY sales in Defense markets (actuation equipment) Aerospace & Industrial $227 $219 4% ▪ Solid growth in Commercial Aerospace (sensors and surface treatment services on OEM platforms) ▪ Flat
Slide 5: 2025 End Market Sales Growth Guidance
Updated (in blue) 2025 END MARKET SALES GROWTH GUIDANCE (As of May 7, 2025) 2025E Growth 2025E Growth ($ in Millions) vs 2024 vs 2024 2025E (Prior) (Current) % Sales Key Drivers ▪ Strong defense electronics growth on various C5/ISR programs (U.S. DoD and dFMS) Aerospace Defense 6 - 8% 6 - 8% 19% ▪ H
Slide 6: 2025 Financial Guidance
2025 FINANCIAL GUIDANCE (As of May 7, 2025) Updated (in blue) 2025E 2025E Change vs Key Drivers ($ in millions) (Prior) (Current) 2024 Adjusted ▪ Strong growth in Commercial Aerospace and higher EM actuation sales in Defense markets Aerospace & Industrial $960 - $975 $960 - $975 3 - 5% ▪ Flat Genera
Slide 7: 2025 Financial Guidance
2025 FINANCIAL GUIDANCE (As of May 7, 2025) Updated (in blue) Change 2025E 2025E vs 2024 Key Drivers ($ in millions, except EPS) (Prior) (Current) Adjusted Total Sales $3,335 - $3,385 $3,365 - $3,415 8 - 9% Strategically focused on delivering profitable growth Total Operating Income $598 - $613 $614
Slide 8: Building on Our Strong Foundation to Enable Long-Term Sustainable Growth
BUILDING ON OUR STRONG FOUNDATION TO ENABLE LONG-TERM SUSTAINABLE GROWTH ▪ Raised FY2025 Outlook after Strong Q1 Execution – Accelerating Pace of Operating Margin expansion, up 80 - 100 bps YOY; Ongoing operational and commercial excellence initiatives – Mitigation plans in place to broadly offset e
Slide 9: Appendix
APPENDIX Investor Day 2024 9
Slide 10: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION The Corporation supplements its financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial information. Curtiss-Wright believes that these Adjusted (non-GAAP) measures provide investors with improved tran
Slide 11: First Quarter 2025: End Market Sales Growth
FIRST QUARTER 2025: END MARKET SALES GROWTH ($ in millions) Q1’25 Q1’24 Change Key Drivers ▪ Strong growth in embedded computing equipment sales on various helicopter programs Aerospace Defense $152 $132 15% ▪ Higher sales of actuation equipment on fighter jet programs ▪ Partially offset by timing o
Slide 12: 2025E End Market Sales Waterfall
FY’25 Guidance: 2025E END MARKET SALES WATERFALL (as of May 7, 2025) Overall UP 8 - 9% (5 - 7% Org.) A&D Markets UP 7 - 9% Total 2025 CW End Markets Comm’l Markets UP 9 - 11% $3.365 - 3.415B Aerospace & Defense Markets Commercial Markets 69% $2.34B 31% $1.05B Naval Commercial Aerospace Power & Proce